FOR IMMEDIATE RELEASE
Contact: Joe Boyle
Chief Executive Officer
803-758-2528
AFFINITY TECHNOLOGY GROUP STOCK
DELISTED FROM NASDAQ
Columbia, SC, February 13, 2001- Affinity
Technology Group, Inc. (Nasdaq: AFFI) announced today that it has
received notification that, effective immediately, its stock has
been delisted from The Nasdaq SmallCap Stock Market. The decision
from Nasdaq was issued following an appeal and a hearing before
the Nasdaq Listing Qualifications Panel. The company previously
announced that it had been notified by the Nasdaq Stock Market that
it was not in compliance with Nasdaq's listing standards that required
the company's stock to maintain a minimum bid price of $1.00 or
more. The company was given until December 28, 2000 to regain compliance,
but the company's common stock did not meet the minimum bid price
requirements prior to the deadline. Effective immediately the company's
stock is eligible to trade on the OTC bulletin board.
About Affinity Technology Group, Inc.
Affinity's technology enables financial
institutions to link their branches, call centers, Internet customers,
and indirect agents electronically to their credit departments,
providing fully automated lending - and, if necessary, connectivity
to a loan officer - through every channel. For financial institutions,
Affinity's solutions expedite loan decisioning and processing and
increase productivity and capacity of branch personnel, call center
agents, loan officers, and indirect agents, while improving the
overall customer experience. Affinity is located on the World Wide
Web at www.affi.net.
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Forward-looking statements in this
news release are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Investors
are cautioned that these statements involve several risks and uncertainties
that may cause actual results to differ materially from those projected.
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